La Pointe, WI is a small town located in northern Wisconsin. It has a population of just over 900 people and is situated on the shores of Madeline Island. The cost of living in La Pointe is quite reasonable with rent for a two-bedroom apartment averaging around $820, which is significantly lower than the US average of $1,430. The grocery cost index in La Pointe is also very competitive, matching that of the national average at 100.
The local economy of La Pointe consists mainly of fishing, tourism, and retail businesses. Popular local companies include Madeline Island Candles & Gifts, Bayfield Oil & Gas Co., and Nature's Educational Adventures LLC – all providing goods and services to locals as well as visitors from outside the area. Visitors also enjoy taking advantage of La Pointe's beautiful natural surroundings by camping or enjoying other outdoor activities such as kayaking or hiking in the surrounding forests.
La Pointe has an unemployment rate of 6.5%. The US average is 6.0%.
La Pointe has seen the job market increase by 0.9% over the last year. Future job growth over the next ten years is predicted to be 31.6%, which is lower than the US average of 33.5%.
Tax Rates for La Pointe
- The Sales Tax Rate for La Pointe is 5.5%. The US average is 7.3%.
- The Income Tax Rate for La Pointe is 6.3%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for La Pointe
- The average income of a La Pointe resident is $30,564 a year. The US average is $28,555 a year.
- The Median household income of a La Pointe resident is $64,063 a year. The US average is $69,021 a year.